Who’s Really Downgrading America?

By Patrick J. Buchanan The decision by Standard & Poor’s to strip the United States of its AAA credit rating, for the first time, has triggered a barrage of catcalls against the umpire from the press box and Obamaites. S&P, we are reminded, was giving A ratings to banks like Lehman Brothers, whose books were […]

Fiscal Hawks vs. Security Hawks

By Patrick J. Buchanan The Republican Party is a stool that stands on three legs: social conservatives, economic conservatives and foreign policy conservatives. Yet since Ronald Reagan departed and George W. Bush arrived, that coalition has been under a growing strain that may yet pull it apart and redefine what conservatism means in 21st century […]

The Day of the Hobbits

By Patrick J. Buchanan Mocked by The Wall Street Journal and Sen. John McCain as the little people of the “Lord of the Rings” books, the tea party “Hobbits” are indeed returning to Middle Earth — to nail the coonskin to the wall. As even the Journal concedes, the final deal to raise the debt […]

Is a Tea Party Triumph at Hand?

By Patrick J. Buchanan They were called “terrorists,” “fanatics” and “unpatriotic.” Yet the principled resistance of the Tea Party Caucus in the House has put their leader right across the table from Barack Obama to negotiate the final terms of armistice in the debt-ceiling battle of 2011. Today is July 22. On this day, it […]

The Long Retreat of Liberalism

By Patrick J. Buchanan Though President Obama has run rings about the Republican Party in the debt-ceiling debate, that party can yet emerge victorious, if it will stick to its guns. Clearly, the Republican strategy was not thought through, when the party chose the debt ceiling as the legislative terrain on which to fight its […]

We’re All Greeks Now

By Patrick J. Buchanan Departing for New Hampshire in November 2010, Sen. Judd Gregg, the fiscal conservative President Obama wanted in his Cabinet, blurted an inconvenient truth: “This nation is on a course where if we don’t do something about it, get … fiscal policy (under control), we’re Greece.” The remark was regarded as hyperbole. […]

Is a U.S. Default Inevitable?

By Patrick J. Buchanan As President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200 billion. Lindsey had committed candor, and the stunned Bushites came down on him with both feet. “Baloney,” said Donald Rumsfeld. The […]